Jay Z has announced that he will host and perform at the first ever Hip-Hop concert series inside New York City's Carnegie Hall.

All proceeds from ticket sales will benefit at-risk and low-income students in New York City’s public school system. Jay said the series will include "some legendary nights, and lots of loud music."

The concerts are to help promote his Shawn Carter Scholarship Foundation, which was founded in 2003 by Jay and his mother.

'Hov' said: "My mom would get on the bus and tour colleges with students. We really started it at a grassroots level, and now we’re trying to organize it at this level and have it make sense."

Private ticket packages go on sale Monday, with prices ranging from $500 to $2,500. A limited number of lower-priced single tickets will be available to the public on January 30th.

“It’s every artists dream to play a venue as legendary as Carnegie Hall,” said Jay-Z via a statement. “The fact that I can use the arts and my talent to benefit the education of the next generation of artist, entrepreneurs and great thinkers makes for a legendary night. I’m proud to be a part of the continuing work of United Way of New York City and expanding the Shawn Carter Scholarship Foundation.”